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NewsNinja

For more than 160 years, Macy's has been much more than a department store. It's a cornerstone of American shopping, with generations eager to buy everything from back-to-school clothes to holiday gifts. But now it is a surprise that the store has been forced to close, leaving millions to wonder how such a powerful and fast-moving brand could be defeated. Macy's, the US retail giant, now faces a difficult future. Signs of trouble have been showing for several years, including declining traffic, aging stores, and an inability to keep up with a fast-paced retail environment. However, experts say the real story is corporate mismanagement, intense competition, and a lack of innovation.

The Fall of Macy's: Inside the Collapse of America's Largest Merchant

Blacksburg, VA

One of our long-time rented farms near Blacksburg, Virginia, home of Virginia Tech, was the venue for a special wedding celebration. The location was McDonald's Mill, named for the McDonald family who are known as founders of the area in the late 1700s. After the first cutting of hay, the owners used the hayfield near the old mill as the perfect location for a large tent.

Is the economy headed for a recession?

Motor1.com

A study shows cars are being repossessed at a shockingly high rate through the first half of 2024, exceeding pre-pandemic levels. Car prices have skyrocketed in recent years. Not everyone can afford those monthly payments, a new study shows. Recent data from Cox Automotive shows auto repossessions are up 23 percent compared to last year. That's a significant jump, taking repos to levels not seen since before the COVID-19 pandemic.

Auto Repossessions Are Soaring

Florida State

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Akeena

Wow, that's a tough situation for UKG employees in Florida. Imagine gearing up for a holiday weekend and then getting blindsided with news of massive layoffs. It's not just the number—2,200 employees, which is 14% of their workforce—but also how abruptly it was done, right before the Fourth of July.

Thousands of workers in Florida laid off by a major company

Jessica Jackson was afraid of heights when she first started her job as a wind turbine service technician — now, she spends most of her days working 300 feet in the air. Jackson, 37, is a technician at Vestas, a wind turbine manufacturer, in Bee County, Texas, and earns $73,000 per year.

37-year-old mom earns $73,000 in one of the most in-demand jobs in the world—and it doesn't require a degree: 'I love what I do'

The stock market’s benchmark index, the S&P 500, has erased $1.2 trillion of its market capitalization since its daily high in just four hours after falling “in a literal straight line lower.”. That’s according to the economics outlet Kobeissi Letter, which noted on the microblogging platform X (formerly...

Market Bloodbath: S&P 500 Crashes $1.2 Trillion in Hours as Recession Fears Soar

Massachusetts State

Camilo Díaz

(MA) Meet Yoda, a tiny 9-pound senior Shih Tzu who is ready to steal your heart. This little pup is an older boy who has lived his life loved by a caring owner. Sadly, his owner recently passed away, and their family was not able to take care of Yoda. Luckily, Great Dog Rescue New England was able to take him in and place him safely with a foster. He still has a lot of life left in him, and he hopes to spend the majority of it snoozing in YOUR bed.

This Tiny Shih Tzu Who Lost His Owner Is Now Looking For New Family

Tom Michaud, KBW, a Stifel Company, CEO, joins 'Fast Money' to talk bank stocks, interest rates, the economy and more.

No emergency rate cut ahead because economy isn't that bad, says KBW CEO Tom Michaud

Chicago, IL

Orland Park, IL

Foodie in Chicago

(CHICAGO) It was only last week when the popular Italian eatery, Buca di Beppo reduced its locations by 20% by closing 13 restaurants across the country. One of those locations was in the Chicago suburb of Orland Park, leaving only one Chicago restaurant remaining -- Yorktown Center in Lombard.

Popular Casual Italian Chain Shuts Down Orland Park Location, Files for Bankruptcy

Five countries have now issued travel and safety warnings to their citizens as riots and street disorder continue in the U.K. The United Arab Emirates, Nigeria, Malaysia, Indonesia and Australia have since all warned their citizens living in or visiting the U.K. that parts of the country present “safety risks” at the current time.

As riots and disorder spread, some countries warn their citizens about traveling to the UK

CNBC's Deirdre Bosa joins 'Closing Bell Overtime' with Airbnb earnings.

Airbnb stock drops sharply on weak revenue outlook

Reuters

MEXICO CITY/NEW YORK (Reuters) -The Mexican peso touched its weakest against the U.S. dollar in nearly two years before paring much of the losses back, as concerns the U.S. economy could be headed for a recession added to recent peso weakness as a popular global trade unwinds.

Mexican peso pares losses, remains volatile on US recession fears

M Henderson

Here's another recipe for fudge that's very easy to make. You can double it, or quadruple it, for more servings. 4 tablespoons cocoa or cacao powder (I like 2 tablespoons of each)

3-Ingredient Fudge

Herbie J Pilato

[Note: Unless otherwise indicated, all quotes and commentary that appear in this article were culled from interviews the author conducted with those individuals mentioned.]. It's been eight years since beloved television, film, and stage actor Bernard Fox died of heart failure at 89 in 2016. Best known as the skirt-chasing, slightly-arrogant, and delightfully debonair witch Dr. Bombay on classic TV’s long-running sitcom Bewitched(ABC, 1964-1972), Fox left an indelible mark on his millions of fans.

In Memory of 'Bewitched' Actor Bernard Fox ("Dr. Bombay"): 8 Years After His Tragic Death

CBS News

Stocks in the U.S. plunged for a third consecutive trading day, with the Dow Jones Industrial Average tumbling more than 1,000 points amid growing fears of an economic downturn sparked by a slowdown in hiring and consumer spending. The S&P 500 slid 160 points, or 3%, to 5,186 on Monday, the index's biggest one-day drop in nearly two years, according to FactSet. The tech-heavy Nasdaq Composite sank 3.4% as investors fled some of the Big Tech players that until recently had powered the U.S. market higher — Apple shed 4.8%, while Meta and Nvidia, fell 2.5% and 6.4%, respectively. The Dow Jones...

Dow plunges more than 1,000 points amid U.S. recession fears

Fox News

After a consequential U.S. jobs report showing unemployment at 4.3 percent, both US and global markets are plummeting as mounting recession fears have spooked investors into massive selloffs. The Big Tech stocks, once bolstering the markets, have begun to flounder, and now the scrutiny falls on Fed Chair Jerome Powell and a much anticipated September interest rate cut. But, has the Federal Reserve acted too slowly…and can it catch up now?  FBN correspondent Lydia Hu speaks with President of Tengler Laffer Investment, Arthur Laffer Jr., about why stock markets across the world are preparing for a recession, the Federal Reserve weighing an “emergency rate cut,” and how recession concerns could impact Americans 2024 election preferences ahead of November. Photo Credit: AP

Business Rundown:  Recession Fears Roil Markets Across The Globe

Markets Insider

The Fed still has significant ammunition to cut interest rates and stimulate the economy if unemployment keeps rising, Goldman said.

3 reasons why rising unemployment isn't signaling a recession, Goldman says

California State

(The Center Square) - The United States triggered a highly accurate recession indicator as recession fears led to the largest stock selloff since December 2022. California, the nation’s largest economy, triggered the same indicator in late 2023. On the morning of August 2, the United States published unemployment data...

Stocks plummet: Following California, US job report triggers recession indicator

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The Current GA

Since 2020, the condition known as long COVID-19 has become a widespread disability affecting the health and quality of life of millions of people across the globe and costing economies billions of dollars in reduced productivity of employees and an overall drop in the work force .

Expert: Long COVID puzzle pieces are falling into place – picture is unsettling

Rashaun Williams, Value Investment Group, joins 'Closing Bell' to discuss if the coming rate cuts from policymakers lead to a rebound across public and private markets, Uber, and more.

I think tech earnings growth will win, says Value Investment Group's Rashaun Williams

NewsBreak

3Fourteen's Warren Pies says he's fading recession fears and is still in the soft landing camp

Warren Pies, 3Fourteen Research co-founder, joins 'Closing...

3Fourteen's Warren Pies says he's fading recession fears and is still in the soft landing camp

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